Bruce Barber— Undisclosed Outside Business Activity

Cleveland stockbroker fraud lawyerBruce Page Barber Allegedly Engaged in an Undisclosed Outside Business Activity by Purportedly Serving as an Advisor to the Board of Directors for ABC, LLC, for which Barber was Purportedly Compensated with Warrants

Bruce Barber allegedly engaged in undisclosed outside business activity serving as an advisor to the Board of Directors for ABC, LLC, for which he was compensated with warrants, and for soliciting 15 firm customers to invest in ABC’s private securities offering, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Bruce Barber’s undisclosed outside business activity are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Bruce Barber’s undisclosed outside business activity.

Barber, on February 22, 2017, based upon allegations that he solicited the firm’s customers to make purchases of products which the firm did not authorize, was purportedly terminated from Securities America, Inc., the AWC notes.

FINRA also launched an investigation following Barber’s termination, and on June 6, 2017 made requests that Barber hand over information and documents to the Department of Enforcement pertaining to his advisory role with ABC, LLC directors, the AWC states.

Bruce Page Barber Barred by FINRA from Associating with any FINRA Member in Any Capacity

Bruce Barber, on June 23, 2017, allegedly informed FINRA’s Department of Enforcement that he would not cooperate with their investigation, and hence, Barber, by refusing to provide the requested documents and information requested pursuant to FINRA Rules, allegedly violated FINRA Rules, according to the aforementioned AWC presently being analyzed by attorneys Alan Rosca and James Booker.

Hence, Bruce Page Barber has been barred by FINRA from associating with any FINRA member in any capacity following Barber’s failure to cooperate in an investigation into accusations of his outside business activities, the AWC states.

FINRA particularly sought information about Barber’s alleged solicitation of fifteen customers’ securities transactions away from Securities America, Inc., and the warrants provided to Barber as a result of his sales efforts.

One should also note that, according to the AWC, Bruce Page Barber neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Bruce Barber’s undisclosed outside business activity. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Bruce Barber’s undisclosed outside business activity may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1214 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.